The First Line

of Defense:Insurance Needs

for a New Law

Practice

BRADLEY

MILLERMiller Law LLC ∙

@bradleymiller#InsuranceAgentsRule

1. Professional liability

(malpractice)

insurance

2. Commercial liability

insurance

3. Personal insurance

1. Professional

liability

(malpractice)

insurance

If you do not

have coverage of

at least

$100,000/300,00

0 you must

inform the client.

Cost.Lower for new attorneys.

Higher deductible = lower

premium.

Payment plans.

Prior acts

coverage.Covers acts that occurred

prior to the policy, but are

reported during the

policy.

Defense costs.Outside limits.

or

Inside limits.

Disciplinary

defense.Coverage for an ethics

claim.

Choice of

defense counsel.

Deductible type.Standard vs. “first dollar

defense”.

2. Commercial

liability insurance

Business Owner

Policy.Replacement of firm

property.

Damage to third parties.

Other

coverages/add-

ons.Commercial auto.

Employee dishonesty.

Employment practices.

Sewer/drain backup.

Other

coverages/add-

ons.Laptop loss.

Cyber insurance/data

breach.

Valuable papers and

records.

3. Personal

insurance

Thank you.

www.bradleymillerlaw.com

www.newmodernlawyer.com